Guo, Fang; Zhou, Kaiguo; Cai, Jinghan - In: Journal of the Japanese and International Economies 22 (2008) 3, pp. 417-438
This paper comprehensively studies the effects of stock splits on the market characteristics of the stocks and also tries to give an explanation for the results referring to the existing hypotheses and previous empirical results. We investigate the trading activity, liquidity, information...